Answer and Explanation:
a) if the company distributes cash of $600,000 to Lori, it will have to reduce its E&P by $600,000. Also, Lori will have to recognise a dividend income of $600,000 and she would have an adjusted basis of $600,000 . Moreover, she would become the only shareholder in the company. As far as Robert is concerned , he would have to recognise a capital gain of $600,000(Distribution of stock) - $85,000 (Basis in stock) = $515,000
b) if Swan Corporation redeems all of Robert’s shares for $600,000, then Robert would again have to recognize a capital gain of $600,000(Distribution of stock) - $85,000 (Basins in stock) = $515,000. As in the previous case, Lori would become the only shareholder. As far as the company is concerned, it would have to reduce its E&P by $500,000 [$1,000,000 (E&P) X 50% (redeemed interest)].
Answer:
Total selling and administrative= $890,000
Explanation:
Giving the following information:
The following budget data are available:
Variable - fixed
Sales commissions: $1 $10000
Shipping $3
Advertising $4
Executive salaries $120000
Depreciation on office equipment $4000
Other $2 $6000
Expenses are paid in the month incurred. The company has budgeted to sell 66000 widgets in October.
Total selling and administrative= (1*66,000 + 100,000) + 3*66,000 + 4*66,000 + 120,000 + 4,000 + (2*66,000 + 6,000)= $890,000
Answer:
Underlying values
Explanation:
This is a core or fundamental belief.
Answer:
d. 284,000 lbs.
Explanation:
The computation of the budgeted purchase of material for the september month is as follows
= Raw material needed for production + closing stock - opening stock
= (150,000 × 2) + (110,000 × 2 × 20%) - 60,000
= 300,000 + 44,000 - 60,000
= 284,000 lbs
Hence, the budgeted purchase of material for the september month is 284,000 lbs
Answer:
competency
Explanation:
Competency -
It refers to the practice of improving the performance of the person or company , is referred to as competency .
It enables the person to excel in their field and motivate to do the best .
From the given scenario of the question ,
The international French company , Rhone - Poulenc is attracting the very innovative and intelligent minds in their company , which would help for the betterment of the person as well as the company .
Hence , from the scenario of the question ,
The correct term is competency .